secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0001683168-24-006090
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments enters warrant inducement for $1.17M; issues new warrants with 200% coverage
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- Existing warrants for 1,666,667 shares exercised at reduced price of $0.70/share; gross proceeds ~$1.17M.
- Company issued new warrants for 3,333,334 shares at $0.70, exercisable after 6 months, expiring 5.5 years from issuance.
- Also amended February 2023 warrants for 1,666,667 shares to exercise price $0.70 and 5.5-year term.
- Proceeds to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000168316824006090/0001683168-24-006090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000168316824006090/apptech_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-24-006090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer